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Little Chico

08/05/07 5:45 PM

#43251 RE: CaribbeanJim #43250

Bounce...

We'll get one, maybe on Monday, or alter in the week for sure. What concerns me is that the long term charts, the weekly and monthly, are now bearish and the long term trend line (support) for the daily chart, that began with the 2003 bull market, has been broken for the $RUT. Certainly the market will oscillate up and down, and there will be tradable signals in both directions, but the main trend may be down.

Chico